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economy is a high priority, so is proving his democratic credentials to his western partners. he said he would push forward with democratization. >> egypt will be a state that tolerates different and opposing opinions with peaceful transfers of power and a democratic state with everything that entails. >> merkel said she was concerned about the political violence in egypt and said dialogue was key. >> political forces can make a contribution. human rights have to be respected in egypt, and that applies most importantly to the protection of religious freedom. >> two more people died in cairo on wednesday in clashes between police and demonstrators. the death toll has now reached 50 in a week of protests. two years after a revolution swept morsi's predecessor from power. berlin has criticized his recent attempts to consolidate power is, and his opponents in the german capital were warning of a new dictatorship and egypt. >> our correspondent has been following the president's visit for us. does morsi get any of the investment and all of that that he has been looking for? >> i think you are
. >>> first up, spanish economy contracted more than forecast with gdp down 1.8% annually, .7% from the previous quarter. analysts were looking for a smaller 1.7% drop over last year. speaking after the release, the spanish prime minister, mariano rajo, planned to announce new stimulus measures shortly. joining us are sarah perez fruitos, manager at brunswick capital, and sarah foley. add the gdp number to the awful retail sales, forecasts now that spain will still be in contraction in 2014, i don't see how it's at all possible the spanish government is going to meet -- they'll set out revised budget targets. i don't see how they'll meet any of them. >> really, the t's about the figures that we knew this morning. basically because last quarter we have an increase on the vat taxes and really we pass from the bat from 70% four years ago to 21% now in the last quarter. really as you say, the retail -- the consumer has fallen down dramatic. we need to remember that the public employees has cut their extra payment from the christmas extra payment. and this situation with no more extra fo
. >> business has created 2.2 million jobs last year. we just learned that our economy created more jobs over the last few months than economists originally thought, but this week we received the first estimate of the economic growth over the last few months. it reminded us that bad decisions in washington can get in the way of our economic progress. >> jamie: just yesterday we saw the recent job numbers tick up and the u.s. economy is worse off than it was four years ago in four major categories. let's take a look. first unemployment rate january 2009, it was 7.8% and it is 7.9%. then under employment, percentage of americans who are not working as much as they are able to. in 2009 it was 14.2% and today it kicked up to 14.4%. four years ago, 12 million americans were out of work and now it's 12.3 million. today less than 64% of americans that are capable of working are actually out there looking. that is down 2% from 2009. let's bring in angela and jehmu greene and former president of the women's media center. nice to see you. okay, let me ask you first, angela, it sounds like more finger p
. china is back and we're seeing the managed triumph of an economy. is that your take? >> pretty clear to me. through wrought the whole concerns about china, which, of course, went on and off all the way through until the late autumn, i was very skeptical about that and i thought we were managing things pretty well. so i was and i remain very relaxed and we'll get the next sets of chinese data in the next week or so. and i'm pretty sure it will show further evidence of china bouncing a bit. .more importantly, that china is slowly adjusting to an economy not so dependent on exports or government investment. and that's what they need and that's what we all want from them. and that is pretty important. >> jim, is it your thought that people should at this point just kind of hold off and pull back and wait and see what happens over the next several months instead of sell in may and go away, is this sell in february and go away? >>. i prefer the sell in may and go away. it has a remarkable rhythm to it. and the fact that a couple of other things successfully passed in january, it's the firs
prices. they're increasing sides that europe's economy is getting better. got some good earnings reports from some of the big companies. no matter what they want you do believe -- for today, at least -- the economy is looking up. i'm shepard smith. see you back here tonight on fox report. you'll be all right. [screaming] >> well, like the sequel to a 1950s horror film, only is this fly going to stick? welcome. i'm stewart in for neil cavuto. remember this, that fiscal cliff deal, huge amount in tax hikes. not much in the way of spending cuts. are we about to see the sequel? the president is calling on congress to pass another quick fix to avert those automatic spending cuts he originally signed off on, kicking in march 1 income, and this includes new tax revenues. the former south carolina senator jim demint says we have seen how the movie ins and it's not go. okay, jim, spell it out. more tacks and not so many spending cuts. what's the result? >> you have to scratch your head. the federal government will receive historically high tax revenues this year, yet we've double spending. it's a
, minus one, plus one. all that is a power point. our economy is sluggish today, and there's no reason for it. we have a wonderful country. we have great resources, we still have a free world, the opportunity to move forward. here's my message to the leadership in washington, get in the game. >> thank you. >> join us on monday. have a great weekend. "squawk on the street" starts right now. >>> we have breaking news on this jobs friday. welcome to "squawk on the street." i'm melissa lee, with carl quintanilla and david faber. we're closing in on 14,000. a leg higher in futures just moments ago. the dow looking at 112 points at the open. the s&p 500 looking at about 11 at the open. of course, this is after the best month for january, since january of 1987. as for the picture over in europe, taking the lead from here in the united states in terms of gains, we do see the cap up by 1.3%, and the dax in germany up .6 of 1%. in asia, the real star is the nikkei, embarking on 12-week winning streak with the yen weakening down to 92 versus the u.s. dollar. of course, the road map here starts wi
. >> and is steady as she goes, the u.s. economy is expected to keep up the recent trend of modesty of unspectacular job growth in january. >>> plus, the dutch finance minister warns of a worsening deficit this year, this after the government is forced to bail out local banks after a bailout of 3.7 million euros. >>> we kick off with the pmis out of the eurozone. january manufacturing pmi, 47.9. the flash 47.5, december manufacturing pmi was 46.1. it has boosted the euro to maintain its gaze, now back over to 1.3651 and continuing to climb high. that is now a 32-month high against the yen, as well, at 11.25965. the german manufacturing pmi was a little better, as well, this morning. helping to boost those numbers. we suggest that there's benefits from emerging markets rather than, perhaps, from elsewhere in europe. anyway, coming in better once again for the eurozone. still in contraction territory, but, of course, the trend is what is being concentrated on. we had similar indicators for two die verging views on china's recovery. eases to 50.4 for january, that was below the forecast of 5079 the. bu
a big thumbs up. >> expectations for the economy have risen in four of the last five months. it looks like we've reached a turning point. it is safe to assume this trend will remain stable in the future. >> many german workers are expecting their pay to increase this year. that's one reason for the upbeat mood among consumers. that's why many are considering making this year won for the big-ticket purchases. >> well, that consumer confidence data combined with a report out of the united states showing a rebound in the real estate sector prompted investors in europe to buy on tuesday. our correspondent sent us this summary from the frankfurt stock exchange. >> the german consumer is more optimistic again. that is a measurement that was put out by an organization called gfk which measures the consumer mood in germany. before now, the mood had declined for some months. but now, the return to optimism can be good news for the economy. it can be good news for jobs and also for the markets. the people in germany apparently are considering that they are going to be earning more this year tha
in manufacturing industries, possibly to the detriment of europe. competitiveness and the economy being recognized here as important factors on the security front as well. >> protests in egypt have again turn violent. opponents of the islamist president have heard -- hurled molotov cocktails at the palace. protesters are demanding his overthrow after the demonstrations in several cities in recent days turn violent and dozens were killed. >> earlier in the day, there were scuffles in the center of tahrir square, the focal point of the revolution that overthrew president hosni mubarak two years ago. protests marking the second anniversary of the uprising that toppled mubarak have killed nearly 60 people since january 25, prompting the head of the army to warned this week that the state was on the verge of collapse. our correspondent is in cairo for us. we are hearing about water cannon shots being fired. how serious is the tension there at the moment? >> it basically escalated in the last hours. we have peaceful demonstrations at tahrri square and at the presidential palace, but demonstrators tried
challenges facing the economies of europe, japan, china, and south korea. next on book tv. this is a little over an hour. [applause] >> okay. first of all, it is great to be back. we enjoyed our relationship that way. tokyo has been the headquarters of our asia-pacific operations for 25 years now. we enjoy a terrific relationship and a lot of different ways. one of my colleagues who is with me, doug peterson who just joined us from the city, and he is setting up. we welcome you, doug. dougie is all over the world. as such, he has lived quite a bit of time in japan himself. it's great to be with you tonight as well, doug. let's see. in terms of this whole notion of the book, by the way, a very modest title, banker to the world. when i heard of this, and i am a very close, personal friend of bill's, like everyone in this room is. and so when he was talking to me about this concept of what he wanted to write about to lessons of debt crises and all of this, i just knew that it was right in our sweet spot, what we needed to the will to do. so we were able to convince them. so no i'm not talking
of time. the economy's growing about 7% a year. including inflation. and how long is that going to take? if you grow 7% a year, that means you double your money every ten years. that means if the stock market is 14,000 now, it could be 28,000 in ten years, and it could be 50,000 or 60,000 in 20 years. >> nice long-term bullish view of the markets. not just for the six months or even the next year. >> you compare it to bonds, which is what he's doing, you feel pretty darn good. it's also -- there's a lot of good chatter about pension plans being so far behind. i would love it, just in terms of companies being able to return money, if they were less worried about pension plans. that kind of talk makes me maybe embolden pension plans to say, let's get a little more risky and maybe we can pay off. that's also going to be very important for stock valuations. >> right. it's going to be another flow of funds into the market from the pensions, not only from the individuals which we've seen. i mean, did you catch vanguard's flows for the month of january? $24.8 billion coming into vanguard's. >>
the spectrum have said that our economy is poised for progress in 2013. we have seen signs of this progress over the last several weeks. home prices continue to climb, car sales continue to be at a five-year high, manufacturing has been strong and we have created more than 6 million jobs in the last 35 months. we have also seen the affects of political to the function. the drawnout process for resolving the fiscal cliff, hurt consumer confidence. we have been reminded that while it is critical for us to cut wasteful spending, we cannot just cut our way to prosperity. deep, indiscriminate cuts to things like education, training, energy and national security will cost us jobs it will slow down our recovery. it is not the right thing to do for the economy, it is not the right thing for folks that are out there still looking for work. the good news is this does not have to happen. for all the drama and disagreements we have had over the last few years, democrats and republicans have been able to come together and cut the deficit by more than $2.5 trillion through a mix of spending cuts and high
in the economy for the first time since 2009. the s & p 500 is up more than 5% so far this month. very, very strong month. >> what can you say? this is a great bull market. it is. i mean, the averages went up big. transports led us, okay. could we go for a breather? it would make sense, but the fed is not stopping. it's not stopping the fed. >> s & p keeps putting out these historical numbers, a 5% gain in january and years like that, just going back to '50, 1950, 31% for the year, 27, 26, 31, 45. i mean, just -- does this year hold that potential. >> hear siegel this morning, i know there's controversy, even on this deck, about -- >> for the long term. >> he did call the top. >> he loved housing you and -- my god, i'm sorry. >> my dad's building, the society of towers. >> since the last time we had the gapes, '07, 12-month forward pe is 15. back then, it was 9. we are not overpriced necessarily, given the run that we had. >> keeps rates down, competition from bonds, not so great. i still can't get over that they preserve thafd dividend low tax rate these are bond equivalents, a lot of stock
reports, 157,000 jobs were added to the economy, but the way wall street sees it, it came in soft. wall street is looking at it at a more broader view, and they are looking at the momentum from november and december, and you are seeing a stronger trend continue, so that's good news obviously. but then again there has been an underlying optimism already in the market, and that's being fueled by the federal reserve. and that's buying up mortgage backed treasury and securities, and that's driving interest rates lower so the best game in town as far as investors see it to make money is here in the stock market, and it's driving investors to the stock market. and what moved the needle, it was the jobs number, and how the next milestone for the dow will be the all-time high, and first we will see if it can hold at 14000 at the close, and then we will see what happens. >> how much confidence do we have in this rally? >> some say not much, and others say stocks are making a comeback and the economy is doing that as well. one well known economist talks about this, and here is what he had to say.
. and we just learned that our economy created more jobs over the last few months than economists originally thought. >> hey, guys, holding back on front page politics and back to alabama now where there's a news conference on that hostage situation. let's take a listen. >> he's also allowed us to provide coloring books, medication, toys. i want to thank him for taking care of our child. that's very important. at this time i'm going to let you ask me a couple of questions. but you know it needs to be brief. there's very limited -- i'm limited to what i can give you. >> why medication? >> ma'am, i can't release that. >> do we know if he's actually taking it? >> what do we know about the actual state of the child? >> we can only do a couple. >> does he have television and electricity? >> we don't have a lot of details of that, okay? >> [ inaudible ] bus driver -- hit an emergency button inside the bus to call police. >> i don't have any information about that. >> can you tell us anything about your conversations with the suspect? >> we've been in constant communication with mr. dyke
. this is what i tell secretary geithner. the time has come, since our economies are connected, for there to be a positive movement in the european crisis, but then i think these budget negotiations, which are not based on simply -- based on human beings and republicans and democrats getting together. i think it is very doable and possible. one thing we have ignored at this meeting, there was an election that just happened, and the message of the election, i believe, is guys, women, you've got to get together, or there is going to be a third party. >> that is one of the reasons we have been having these conversations. >> but it is out now. it is on the cable channels, on the radio, online, in print. what happens now? >> i say i want to get on television with some facts. [laughter] here are few that have come out of this conversation. 16.9% of gdp, that is not because tax rates went down. it is because the economy went down. tax rates -- there is no revenue. [indiscernible] in the years before the collapse, the income as well over 18% of gdp. >> it has been over 18% twice. two y
the economy's surprising downturn in the 4th quarter, and why traders are not overly concerned. in today's cover story, name changer at "blackberry." will the corporate makeover help to turn around the company? bulls and bears are at odds over the dow's chances of heading above the critical 14,000 level. plus, the co-ceo of whole foods dishes about hot corporate topics. and, can zombies bring new life to the box office? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. i'm angela miles. it's thursday, january 31st, the final trading day of the month. in today's first look: stocks pull back. the dow toned down its march to 14,000. traders and investors took money off the table as gdp came in weaker than expected for the 4th quarter. instead they put money into gold and oil. facebook's wild night: shares initially dropped 10% on earnings that topped wall street's expectations, then turned around and rallied back with a gain. as lawmakers consider gun laws, the nra reports membership is up a half millio
economy is continuing to contract. >> the german chancellor warmly welcome the spanish premier, a change of pace for the prime minister facing the problems at home. he traveled to berlin wristbands that the. ever deeper into-- he traveled to berlin with spain even deeper into the concession. >> i reiterated once again that we're full of respect for the reforms implemented in spain. >> he touted his government's financial policies pointed out that as a spending has been reduced and ailing financial institutions have been restructured. he predicts the reforms will reflected in unemployment numbers and he intends to finish the job. >> as i already said saturday, i am just as courageous, convinced, strong, and determined as i was when i took office to solve the worst spanish crisis in 30 years. >> both governments are desperate to bring the crisis under control. they want to excel britney eurozone and the eu's political and economic integration. >> our political correspondent is following this and we go live to our parliamentary studios. all parties concerned about corruption in spain likely
economy through down sizing while others are cutting their labor cost and limiting their hiring plans. the move is particularly prominent in the electronics sector. it has faced intense competition with overseas makers as well as the negative impact of the strong yen over many years. struggling chip maker renesas slashed 7400 jobs through an early retirement program last october. it says it needs to cut another 3,000. >>> electronics maker sharp sent nearly 3,000 domestic full time workers last december. that was through a voluntary retirement program. and nec another firm that's taking a similar step, it cut about 2400 full time workers last september, also through voluntary retirement. meanwhile sony planning to cut 2,000 domestic full time workers by march through early retirement. the company has posted losses for fouring straight years. it's also planning to close it's mobile phone factory in central japan. >>> japan's vehicle sales last month were the highest ever for a january, though sales of other kinds of cars did see declines. industry sources say new mini vehicle sales cam
position on the economy has been congressman paul ryan, who chairs the house budget committee. and just as mr. ryan has problems recalling his exact marathon time, so he appears to have real problems with who was responsible for the sequester in the first place. >> we think the sequesters will happen because the democrats have opposed our efforts to replace those cuts with others and they've offered no alternatives. >> and while the republican approach to the fast approaching sequester leads them to rewrite history and ignore the potential for economic disaster, mr. ryan's friend and colleague, eric cantor, was also out delivering his own version of republican revisionism. >> our house republican majority stands ready for the president and his party to join us in actually tackling the big problems facing this country. >> that was mr. eric cantor 6.0-let's turn to representative keith ellison, democrat from the state of minnesota. and to my colleague, joy reid, who is managing editor of thegrio.com. congressman, it seems to me, sir, we have a major collision today. on the one hand, we ha
sensitive stocks that are cheap, they're underowned, and it looks like the global economy could actually outpace the u.s. this year, and for the next couple of years. >> savita we talked to a bunch of strategists this year who are, i would say, aggressive to -- i mean, mixed in terms of their defensive nature regarding sector allocation, that they might step on the accelerator later on in the year once we get past some of the d.c. deadlines and go more cyclical, go more economically sensitive. would your advice be to err on the side of aggressive? >> i think it's -- there's no better time to do it than now. the reason is that, you know, i think the market looks through a lot of these events. what i'm focusing on is growth for the second half. and like i said, cap x, i think that's a strong theme. we're starting to see companies signal they're going to spend some capital. that translates into growth in the second half. why not buy these stocks while they're still cheap instead of waiting until they run up a little bit. that's my accepsense. i think the short-term move, it's a risky strate
living in a county that is almost 10,500 miles of land mass. wyoming's economy is based primarily on energy production -- coal, natural gas, uranium, and even wind, making it a boom and bust economy. many working in the agent -- in the area make significant salaries when they work, but this can skew the average income for families. although some do well financially, there are a number of people struggling to make ends meet. this income disparity can be a challenge to meeting designation guidelines. thank you for your time and attention to this very important matter. i look forward to any questions you may have. our fourth witness is the acting chief at the boise medical wrote center. dr. wilbert is the associate program director for the internal medicine program and the va center of excellence in primary care education. thanks very much for being with us. >> thank you, chairman sanders and members of the committee. it is a great honor to be able to testify here today. i was asked by senator sanders about my insight. specifically, and insight about the lack of health insurance in t
department will release its first jobs report of the year, which is expected to show the economy largely unchanged from the last month of 2012. unemployment rate still at 7.8%. >> and we're going to hear -- the president's jobs council. >> exactly. >> will weigh in. >> i was just getting to that. >> this report is critical. >> okay. >> you need a jobs council. >> fine. they're getting rid of it. >> a lot of times i'm critical of this administration, but i think -- i think putting together jobs, willie, what did i say? this jobs council thing. he's got it right. this is going to be big. >> they're all going to be on, too, today. in their robes, they're going to come on and break down the numbers. >> i love it. >> new collaborations with businesses are going to be announced soon. >> the jobs council is? >> no, that's going away. they're getting rid of it. >> what? >> they wear helmets, the job council. >> stop it. >> you mean the guys on the jobs council have lost their jobs? >> yeah. >> this has not turned out how i expected. oh, my lord! >> all right. >> what else we got going? bradley's
, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> six bullets in the hands of a woman trying to defend her children may not be enough. >> and the peace of mind that a woman has as she is facing three, four, five violent attackers or intruders in her home screaming in the background the peace of mind knowing that she has a scary looking gun gives her more courage when she is fighting hardened violent crimin criminals. >> and there in lies the problem with having to defend assault weapons. if you go out and try to defend assault weapon
. they spent something like 25% to a third of their gdp on their military. a percentage of their economy. some had speculated that one of the reasons they're pursuing a nuclear weapons program, if we have nuclear weapons, we need fewer troops, fewer conventional weapons which are soaking up all this money in their economy. but, you know, in the long run, we don't know -- north cresaw the most closed country in the world. we all have guesses and we've all been wrong in the past but i think one thing that comes from this what we're doing right now isn't working. the sanctions aren't working and we'll have to start talking to them or doing something else to put this on a different path. >> dr. jim walsh, thank you very much for joining us. >> thank you. >>> one of the most infamous monarchs in british history may have been found buried beneath a parking lot in england. we're about to find out if it's the real final resting place of richard iii. >>> plus, there's a new place for you to get parenting news. i'm talking to host kyra phillips about her brand-new show. so if ydead battery,t tire, need
by chicago today... have mayor rahm emanuel saying the city has a thriving and growing economy which is expected to contiue this year. in that statement... the city says one area of strong growth has been in commerical real estate where there was a 21- percent increase in downtown leasing. the vacancy rate fell to under 15-percent... down from the post-crash peak of over 17- percent. the city says residential realty is also doing great... with sales of existing homes improving to more than 14- percent year over year... and the median price of sales improving to 19-percent... to a price of 185-thousand dollars. the unemployment rate fell two- percent in december and remains at ten-percent... police in alabama say they're having conversations with a man holding a 5 year old boy hostage. next, the latest on a bizzare incident that started on tuesday. also, mystery surrounds the death of a new york woman who's body was found in turkey and later, the world's most famous groundhog has some good news about winter. break [ washer and dryer sounds ] for the things you can't wash, freshen
murder. chris kyle leaves behind a wife and two kids. >> the white house says they economy is beginning to heal as the dow passes the the 15,000 market. and the housing market shows sign signs of recovery. but unemployment is up and the white house hasn't passed a budget or cut spending. it's a mixed bag, adding up to a catastrophe, according to our next guest, an author from nashville. thank you for your time today. >> thank you. the other story, i have a son-in-law, a former sniper. it's very touching, awful story. >> it is. our sympathies go out to the two families that are involved and the loved ones of of both of them. you are an expert in the economy. we have had positive signs. why do you think we are headed in the wrong direction? >> we are not growing fast enough to bring the unemployment rate down and get rid of the huge unemployment and the people who have ls left the labor force. you know, the longer this time last. it is not just a number. these are the real people who lose their pride, their self-esteem and their jobs skills and their chance to becoming productive american
jones starting next month above the 14,000 mark the presidents said our economy is poised to expand. >> 2013 can be a year of solid growth, more jobs and higher wages but that will only happen if we put a stop toself inflicted wounds in washington. >> and this morning the president once again called on congress to work together on a balanced approach to reduce the deficit and promote economic growth. he said businesses created 2.2 million jobs last year. he suggests economic reforms including reducing the cost of health care programs like medicare and closing loopholes in the tax code. >>> this is the first time in five-year that the dow closed above 14,000. it had dropped as low as 6600 in 2009, increased consumer confidence, manufacturing and auto sales are credited for the surge. >> we are moving in the right direction compared to a lot of other countries we are in a good position. >> the economy has improved. you can put the money in the bank but you earn no interest. >> economists say many prefer american investments because the european markets struggling and many conside
in the wake of what is the unrest that has rocked the economy. and those officials are now telling the egyptian people hey, don't overeat. meanwhile the iranian president mahmoud ahmadinejad visited egypt today for the first time in we believe more than three decades. is he there for religious summit. he and the egyptian president mohammed morsi reportedly discussed improving regions. north korean officials are some of the world's best when it comes to looking at things. but we cannot say the same for a brand new video production. the low budget propaganda video that depicts the fall of the united states to the tune of "we are the world" with the aid of the video game call of duty. it's a gift from north korea and it's coming up. but first the music world is remembering a man who snarled a primitive ode to teenage love. the song was wild thing. the singer, reg presley. wild thing was a cover. but it became the signature hit for his garage rock band, the trogs. part of the british invasion in the 60's. icons from the jimmy hendrix to bruce springsteen performed their own version of
economies -- >> he pointed out that germany, like many other european countries, as failed in its pledge to contribute 0.7% of gross thomistic product to development programs. >> we will be back in one minute. >> welcome back. more trouble for angela merkel 's coalition partners, the free democrats. in addition to lagging in the opinion polls, now they are facing allegations of sexism. >> the parties lead candidate in this autumn's elections, rainer bruderle, is accused of making inappropriate comments to a female journalist. >> the case has triggered a national debate on how sexism persists in german society. >> rainer bruderle is not talking to any journalists at the moment. he has made no comment on the allegations that have triggered a fierce debate in germany about verbal sexual harassment of women. the leading politicians of the party are covering bruderle's back. they say it is all just a slur campaign against their top man. >> i have seen nothing else to support the impression that the ftp -- fdp is in any way less sensitive to the participation of women. >> the party's top femal
and medical staff went out on strike on thursday. the economy has entered a sixth successive year of recession, and locals are angry at the difficulties they have to face. >> protesters say the choice, consisting of the imf, the eu, and the ecb, have impose policies on the country that are crippling and dangerous. protesters are demanding changes. >> dockworkers walked off the job in greece. so did bus drivers. overground trains were not running in athens, either. another strike in greece in protest to deeply unpopular austerity measures. weather it is public transport workers or doctors, people are fed up with falling standards of living and cuts to wages. more than a quarter of the greek work force is now unemployed. >> we oppose planned cutbacks, and we want them canceled. we want collective agreements signed any back pay we are owed. employment conditions must meet the needs of the workers. >> it is unlikely these demands will be met soon. the greek government's hands are tied. public coffers are empty. more protests loom. unions have called a general strike in three weeks time. >> a littl
economy. politicians do not dare metal with their businesses. we have the laws and environmental standards, but they are not enforced. >> economic growth has been the number one priority in china, but an increase in living standards has been increase in pollution. having a car has been an important status symbol for the rising chinese middle-class. beijing alone has 5.2 million cars. people here are sick of the smog. long lines form in front of beijing as the hospitals. there's been a jump in cases of respiratory ailments. children and the elderly are especially vulnerable. >> of course i'm worried. my daughter has a skin allergy. we have everything under control, but now the doctors are saying the air pollution is making it worse. more people are suffering. then a state media have started speaking out about the problem of increasing pollution. the government is looking for ways to manage the issue. >> people want more security and a cleaner environment. the stability of society is threatened if the government does not give people what they want. >> china's smog is not just an environmenta
, as white americans were writing the escalator of upward mobility, thanks to booming economy and federal support for homeownership and college education, african-americans were still living in a segregated world in which they were largely denied virtually all of these benefits. that only changed beginning in the late '60s after the passage of civil rights and other laws come and really into the early '70s before mortgages and so forth became available. so african-americans began putting their first foot on the escalator at the very earliest in the late '60s, after 30 years of whites moving from a te lower middle class to the middle class and beyond am only fended african-americans begin. and it was about that time that the escalator begin to get kind of creaky. and wages begin to stagnate and unique jobs and manufacturing began to disappear. and african-americans are buying homes in precisely the communities, the inner cities, that are being abandoned by everybody else. so what you see is not that happens, but past racism and bad timing that explains this profound difference. and just so
the economy rebounds in the contracts are scheduled to grow at a rate that will not outpace the rest of the economy so that it is an unaffordable system. and the final piece is that we work in partnership to help them be successful in this model because we have the data in this holistic view that they don't necessarily have. many of them, most of them function under this set of incentives that are really now 180 degrees in difference. working together and profit sharing and so forth, we are actually making enormous strides and we have, in massachusetts, we are looking very differently. maggie asked about care that looks like that. you know, care that looks and feels like they care because we are very concerned about avoiding those unnecessary emergency room visits and the things that add enormous expense. i am optimistic that, you know, we can do it in one area of the country. with the same burning platform of affordability that exist everywhere else, that this can happen and medicare can happen either way. >> okay, so we have lots of examples of what works and they are out there. al
are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >> don't just stand there, do something. that has been one of the major themes we think will play out in 2013. companies taking forceful action to unlock value. already we have are had our first success with the potential breakup of hess, one i've told you could happen. this colossal and colossally underperforming oil and gas company which is now the subject of a proxy fight has vaulted ten points on the news, and i think the stock could go higher if the company gets sold. remember, hess has some of the best oil and gas assets out there. i think it deserves to trade back at the level that stood two years ago up 18 points from where it stood now. so, i believe it's worth going over all the other don't just
listened to the whole interview. it won't make senator hagel look good. >> everybody knows the economy has gone through a tough time. now middle aged couples are starting to feel the pinch and we will tell you why. that's straight ahead. >>> new orleans is getting ready for tomorrow's big game. but you know what? it's also mardi gras time. you might recognize their intricate costumes. who are the mardi gras indians? we will introduce you. >> can't wait. the capital one cashgives you 1% cash b, plus a 50% annual bonus. and everyone but her likes 50% more cash, but i have an idea. do you want a princess dress? yes. cupcakes? yes. do you want an etch-a-sketch? yes! do you want 50% more cash? no. you got talent. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? i usually say that. to help protect your eye health as you age... would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eye
.s. and its impact on the economy, culture and politics. this program last summer out in our -- lasts about an hour. >> host: welcome. there is a lot going on here and the main thesis is following the birth rate problem and what are the causes and consequences. along the way you touch on many topics including the rise of individualism in american life, the sustainability of social welfare programs, religion and population aging and we get to all of those in the next hour but first why don't you answer for me the question that every reporter is asked by his or her editor when that per approaches the idea why does this matter, why is it important? >> guest: it's important because the demographics are what my friend it's like the tectonic plates shifting beneath the earth and demography isn't quite destiny which is the oelwein sogegian know what the profile is than you are able to today what are the confines and the reality in this country. people are choosing to have fewer and fewer children. this is the first time in history that this happened voluntarily at a global scale and it's going to
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